openPR Logo
Press release

Artificial Pancreas Market – Global industry insights 2024

01-06-2017 09:55 AM CET | Health & Medicine

Press release from: CMI - Research Reports

Artificial Pancreas Market – Global industry insights 2024

Type 1 diabetes characterized by inadequate insulin production requires daily administration of insulin to regulate the amount of glucose in body. This has kept the patients with type 1 diabetes engaged in regular monitoring and administration of insulin. According to the World Health Organization (WHO), globally the number of diabetes patients has increased from 108 million in 1980 to 422 million in 2014. According to Juvenile Diabetes Research Foundation (JDRF), there are about 1.5 million sufferers of type 1 diabetes globally. With the existing knowledge base, there isn’t any treatment available for type 1 diabetes. Therefore, organizations such as JDRF and OpenAPS are focusing only on developing effective and compliant therapies for type 1 diabetes.

Medtronic’s MiniMed 670G- the first Artificial Pancreas
The world will be able to experience the new diabetes 1 treatment device developed by Medtronic, Inc. The device branded as MiniMed 670G, received FDA approval in September 2016. The device will be made available in 2017. Medtronic’s MiniMed 670G is the first artificial pancreas that combines an automated glucose monitor and an insulin pump. The FDA has granted approval for this device to be used in patients aged 14 and above. The potential population – children, will have to wait to get access to this technology until additional real-life testing is completed by Medtronic, Inc.

Get Free PDF Research Brochure for more Professional and Technical Insights:

MiniMed 670G is a hybrid closed-loop system which automates the cumbersome process of monitoring, and adjusting glucose and insulin levels in type 1 diabetes patients. Patients can monitor the health through a smartphone like device. This artificial pancreas will help patients sleep well at night and wake-up with a healthy glucose levels. Moreover, Medtronic’s MiniMed 670G artificial pancreas will improve therapy adherence and allow patients to live life unlike previously where there was a need for regular intervention.

5% of the Total Diabetes Population, yet a Huge Market Potential
An automated insulin delivery device could be a great competitor of an artificial pancreas. OpenAPS, a do-it-yourself (DIY) automated insulin delivery system, is an open source design that anyone can use to connect their CGM and insulin pump to make it an artificial pancreas. The device was developed in 2013 by Ben West, Dana Lewis, and Scott Leibrand.

According to the Center for Disease Control and Prevention (CDC), there are 29.1 million diabetic patients in the U.S. of which 8.1 million are undiagnosed. Type 1 diabetes accounts for nearly 5% of the total diagnosed diabetes cases in adults in the U.S. Type 1 diabetes is common in Scandinavian populations and in Sardinia and Kuwait and less common in Asia and Latin America. The potential still is in the developed U.S. and European markets as these are the early market adopters globally. And the success achieved in these markets pushes companies to enter the emerging nations globally where the regulations, distribution and purchase/treatment patterns vary widely.

Get FREE ToC :


With Medtronic’s MiniMed 670G artificial pancreas, patients will have to just calibrate the device sensors and the rest will be taken care of by the automated device. Since the cost of device is high, there could be initial refrain experienced from the payers. According to the CDC, the annual cost of diabetes to the U.S. government was USD 176 billion in 2012. Government and insurance providers are propelling pharmaceutical and medical device companies to reduce the medicine and device costs. Therefore, it would be interesting to see the demand for artificial pancreas in 2017 in this cost-pressure environment.



Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future.

Coherent Market Insights
303, Astral Court, Above Reliance Fresh,
Near Gaikwad Petrol Pump,
Aundh, Pune – 411045, India.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Pancreas Market – Global industry insights 2024 here

News-ID: 406889 • Views: 485

More Releases from CMI - Research Reports

PoC Platform & Technology Market Research Study for the Period (2017 - 2025)
Point of care (PoC) diagnostic devices are used to obtain diagnostic results while being close to the patient and are commonly used in doctor’s office, hospitals, and in home care settings. These devices are commonly preferred in the home care settings, as they do not require technical expertise and deliver instant feedback on various medical tests. The vast applications of POC platform and technology devices include diagnosis of chronic diseases,
Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by …
Low Temperature Sterilization Equipment Market – Advancing Sterilization Solutions Low temperature sterilization is an effective means to exercise heat and moisture sensitive surgical instrumentation, general equipment, and implant. Low temperature sterilization is used to sterilize unique devices with complex designs or those made of heat and moisture sensitive materials. This type of equipment usually include polymers on cameras, fiber optics, flexible scopes, certain plastics or recyclable invasive medical instruments made of
Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by …
Low temperature sterilization is one of the most commonly used technique for disinfection and sterilization of equipment that are incapable to withstand high pressures and temperature in conventional sterilization techniques such as autoclave and hot air sterilization. Thus, this technique is considered to ideal for devices such as fiber optics, flexible scopes, laryngoscopes, polymers on camera, and others. The commonly used low temperature Technology type is carried out with the
Life Cell Imaging - Market Driver, Outlook, Key Players by 2025
The global life cell imaging industry has observed a notable growth over the last few decades due to significant increase in the demand for life cell imaging techniques for the study of cancer, neuroscience and drug discovery. Cellular imaging involves use of techniques that enable the detection and analysis of cellular organelles and macromolecules through light- or electron-based microscopes. Cell imaging is rapidly evolving as new technologies are being introduced

All 5 Releases

More Releases for MiniMed

Global mHealth Applications Market 2019 with Top key Manufacturer (Allscripts, A …
mHealth is an abbreviation for mobile health, a term used for the practice of medicine and public health supported by mobile devices. The term is most commonly used in reference to using mobile communication devices, such as mobile phones, tablet computers and PDAs, and wearable devices such as smart watches, for health services, information, and data collection. The mHealth field has emerged as a sub-segment of eHealth, the use of
MHealth Applications Market 2019 Global Analysis By Key Players – Allscripts, …
mHealth Applications Market 2019 Wiseguyreports.Com adds “mHealth Applications Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Report Details: This report provides in depth study of “mHealth Applications Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The mHealth Applications Market report also provides an in-depth survey of key players in the market which is based on the various objectives
Global mHealth Applications Market 2019:2025 - Agamatrix , Apple , Honeywell , M …
The mHealth Applications Global market 2019-2025 from QY research gives basic data to advertisers, managers, analysts, business consultants, senior management and different key individuals that with the critical information need to assess global mHealth Applications market. This information is optimistic for the commercials, residential & industrial buyers, governments and other shareholders to present their product-centric tactics in proportion to the projected as well as existing trends in the mHealth
mHealth Applications Market Growth Analysis By Top Leading Players -Allscripts, …
2018-2023 Global mHealth Applications Market Report Status and Outlook mHealth is an abbreviation for mobile health, a term used for the practice of medicine and public health supported by mobile devices. The term is most commonly used in reference to using mobile communication devices, such as mobile phones, tablet computers and PDAs, and wearable devices such as smart watches, for health services, information, and data collection. The mHealth field has emerged
Global mHealth Applications Market Forecast to 2025 : Allscripts, Agamatrix, App …
ResearchMoz presents professional and in-depth study of "Global mHealth Applications Market Size, Status and Forecast 2018-2025" This report focuses on the global mHealth Applications status, future forecast, growth opportunity, key market and key players. The study objectives are to present the mHealth Applications development in United States, Europe and China. mHealth is an abbreviation for mobile health, a term used for the practice of medicine and public health supported by mobile devices.
mHealth Applications Market Trends and Industry Overview Report 2018 - Allscrip …
mHealth Applications Market According to a new market research report titled, ‘mHealth Applications Market’, added on Reports Monitor. The report has been processed on the basis of a comprehensive analysis with inputs from industry experts. The report presents the market scenario and its potential growth prospects during the forecast period. In addition, the report consists of the list of the leading players operating in the market. Request a Sample Report @ mHealth is